Europe Economics Update Setbacks in EU-Canada trade deal bode ill for EU growth The latest setbacks in ratifying an EU-Canada trade deal have larger direct economic implications for Canada than for the EU. But the political deadlock bodes ill for future EU trade agreements which... 26th October 2016 · 1 min read
Europe Economics Update ECB signals December QE extension President Draghi did not explicitly promise imminent policy action today. But he signalled that assetpurchases would not end abruptly. And as tapering has apparently still not been discussed, we... 20th October 2016 · 1 min read
Europe Economics Update Rise in French unemployment is a worrying sign The recent increase in French unemployment seems unlikely to be reversed rapidly. And while a new government may be elected next year promising job-boosting reforms, its success will be limited by... 18th October 2016 · 1 min read
Nordic & Swiss Economics Update Cautious SNB won’t hike rates for some time yet Fears that domestic price pressures might prompt the Swiss National Bank to tighten monetary policy proved unfounded today as it left its interest rate target at 0.25%. The Bank’s tone was gloomier... 16th October 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Sep.) There have been further signs of fiscal slippage in the peripheral economies this month. Germany is also planning a tax cut, but this does not mark a dramatic change in its fiscal stance. It intends... 7th October 2016 · 1 min read
Nordic & Swiss Economics Update Icelandic interest rates to be left unchanged until mid-2017 The uncertainty surrounding capital account liberalisation suggests that the Central Bank of Iceland will keep interest rates unchanged for a while longer. But with inflationary pressures set to build... 5th October 2016 · 1 min read
Europe Economics Update Icelandic interest rates to be left unchanged until mid-2017 The uncertainty surrounding capital account liberalisation suggests that the Central Bank of Icelandwill keep interest rates unchanged for a while longer. But with inflationary pressures set to build... 5th October 2016 · 1 min read
Europe Economics Update Deutsche Bank’s troubles unlikely to spark wider crisis Today’s relatively positive news about Deutsche Bank adds to the evidence that it is not the next Lehman Brothers for the global financial system and that its troubles are unlikely to trigger a German... 28th September 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Aug.) August’s money and credit data suggest that the euro-zone economy has continued to grow at a decent pace in Q3. Nevertheless, the data suggest that inflation will remain well below the ECB’s target. 27th September 2016 · 1 min read
Europe Economics Update Italy’s constitutional referendum poses economic risks The Government confirmed today that the constitutional reform referendum will take place on 4thDecember. We think that a rejection of the reforms is a major risk to the economic outlook. 26th September 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Europe Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
Europe Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
Europe Economics Update Low inflation won’t prevent a euro-zone slowdown Rising inflation may be less of a drag on the growth of euro-zone household spending than we had previously feared. But spending growth is still likely to slow, weakening a key support for overall... 19th September 2016 · 1 min read
Nordic & Swiss Economics Update SNB to remain in strongly accommodative mode Despite the improvement in financial market conditions, continued recovery of the Swiss economy and softening of the franc, the Swiss National Bank (SNB) re-emphasised today that it intends to... 19th September 2016 · 1 min read
